The Punjab National Bank began its operations as a Swadeshi bank in 1895. Today it has emerged as one of the most reputed financial institutions in the country and has multiple operational branches in different parts of India. Like every other bank, the Reserve Bank of India allots the Punjab National Bank IFSC code. This is an eleven-digit code that offers a distinct identification to all the banks.
The IFSC code is crucial for transferring funds online with utter security. This is the reason for the availability of multiple IFSC code finder methods. Here you will know the ways to know the Punjab National Bank IFSC code and MICR code.
What is the IFSC code?
IFSC is an acronym for Indian Financial System Code. It consists of 11 numeric and alphabetic characters, which determine the bank and its branch. It is crucial for monetary transfer through RTGS, IMPS, and NEFT.
An example of the Punjab National Bank IFSC code is PUNB0162600. The characters of this code signify the following aspects:
- PUNB denotes the bank name, i.e., Punjab National Bank.
- The fifth character ‘0’ is common in the IFSC of all the banks.
- The last six characters i.e 162600 represent branch code. Here it stands for the Patipukur branch of Kolkata.
Importance of Punjab National Bank IFSC Code
IFSC code is required for smooth and secure online money transfers. The following points explain the importance of the Punjab National Bank IFSC code:
- It facilitates online fund transfer by identifying the bank branch of the beneficiary’s account.
- Online money transfer is impossible without having a valid IFSC code.
- It helps the RBI maintain the record of all the monetary transactions taking place throughout the country.
- IFSC facilitates an error-free and quick fund transfer.
IFSC Code Finder for PNB
You can easily find out the Punjab National Bank IFSC code through online and offline methods. The official website of PNB provides information for the IFSC of all the branches. To use this IFSC code finder method, you need to visit the home page of PNB, select the bank branch and name the state, district and area of the Punjab National Bank branch. After you submit your credentials, the new page will provide information for the IFSC code.
Another way for the IFSC code finder is through the RBI website. For this, you need to log in to its official website and select the IFSC/MICR code option at the bottom of the page and fill in the details of the bank name and branch to get the Punjab National Bank IFSC code.
PNB MICR Code
Apart from the Punjab National Bank IFSC code, the MICR is also crucial for safe money transfers through a cheque. It consists of nine-digit characters which represent the bank and branch. MICR is necessary for quick and safe money transfers within the banks that participate in the Electronic Clearing System.
Steps to find out MICR of Punjab National Bank
To find your MICR code for your PNB account, you need to look at the cheque leaf. This 9-digit code is generally present at the bottom of the leaf adjacent to the cheque number. You can quote this number for your banking needs or for safe fund transfers.
Conclusion
The MICR and Punjab National Bank IFSC code are highly crucial for safe, secure and fast money transfer purposes. Moreover, both these codes are allotted by the RBI for maintaining a record of fund transfers in the country. In addition, finding the IFSC code has become convenient today with the availability of different IFSC code finder ways. Therefore, if you want to make a hassle-free fund transfer, consider checking the IFSC of the recipient through online code-finding methods to make the process secure.
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